$63,000
2.59 Acres
Land
#9974441, Denise Robertson, Mike Robertson, Listing Office: KW Johnson City
Is 37683, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 37683 was a Neutral Market.
Key Takeaway
37683 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 37683, TN
How much do homes in 37683, TN cost?
Median Sold Price
$268,500
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$38,600(+16.8%)
Key Takeaway
Homes in 37683 have sold for 16.8% more than they did a year ago.
Summary: The median home sold price in 37683 was $268,500 in November 2024, up 16.8% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $50K | $409K | +718.0% |
| 2 Bedrooms | $188.5K | $225K | +19.4% |
| 3 Bedrooms | $209K | $255.5K | +22.2% |
| 4 Bedrooms | $312.5K | $349.9K | +12.0% |
| 5+ Bedrooms | $692.5K | $500K | -27.8% |
Summary: 37683 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 718%, 2 bedroom homes increased by 19.4%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 12%, and 5+ bedroom homes decreased by 27.8%.
Housing Supply in 37683, TN
How many homes are available in 37683, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 62 | 58 | -6.5% |
Summary: The 37683 real estate market had 58 homes for sale in November 2024, a 6.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 37 | 36 | -2.7% |
| 4 Bedrooms | 13 | 11 | -15.4% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 37683 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 2.7%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37683, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 37683 in November 2024, up by 33.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for 37683, TN
How long does it take to sell a home in 37683, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 87 Days | 98 Days | +12.6% |
Summary: Homes in 37683 had an average of 98 days on market in Nov 2024, up by 12.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 37683 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 8 homes were sold in 37683; 25% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 63% of homes were sold over 90 days.
